Comments on: Glenn Stevens vindicated by jobless plunge http://www.crikey.com.au/2009/10/08/glenn-stevens-vindicated-by-jobless-plunge/ now with extra source Sun, 12 Feb 2012 00:37:58 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Nathan Landis http://www.crikey.com.au/2009/10/08/glenn-stevens-vindicated-by-jobless-plunge/#comment-40458 Nathan Landis Thu, 08 Oct 2009 18:58:14 +0000 http://www.crikey.com.au/2009/10/08/glenn-stevens-vindicated-by-jobless-plunge/#comment-40458 Is it that Glenn Stevens has a crystal ball or is he provided advance copies of statistics such as the Employment figures before they are publicly released? It would be incredible if ABS were not providing RBA Board meetings advance copies of statistical analysis that is shortly to be released into the public domain. Is it that Glenn Stevens has a crystal ball or is he provided advance copies of statistics such as the Employment figures before they are publicly released? It would be incredible if ABS were not providing RBA Board meetings advance copies of statistical analysis that is shortly to be released into the public domain.

]]> By: Bullmore's Ghost http://www.crikey.com.au/2009/10/08/glenn-stevens-vindicated-by-jobless-plunge/#comment-40416 Bullmore's Ghost Thu, 08 Oct 2009 07:34:53 +0000 http://www.crikey.com.au/2009/10/08/glenn-stevens-vindicated-by-jobless-plunge/#comment-40416 "The result, which made a mockery of market economists’ forecast of a rise in the unemployment rate to 6% and job losses of 5,000 to 10,000" Somebody ought to keep a running scorecard of the prognostications of these well paid market economists. There ought to be a page where we can look up a particular economist's performance of prediction vs outcome over a rolling 12 month period. I still pay more attention to the weather bureau than I do that bunch of tea leaf readers known as economists. “The result, which made a mockery of market economists’ forecast of a rise in the unemployment rate to 6% and job losses of 5,000 to 10,000”

Somebody ought to keep a running scorecard of the prognostications of these well paid market economists. There ought to be a page where we can look up a particular economist’s performance of prediction vs outcome over a rolling 12 month period.

I still pay more attention to the weather bureau than I do that bunch of tea leaf readers known as economists.

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